India’s key property markets of Mumbai, Bengaluru, and the National Capital Region(NCR) have emerged amongst the top 10 best performing Asia-Pacific residential markets in terms of annual price growth in the second half of 2023, showed a Knight Frank report.

According to the review, 21 out of 25 Asia-Pacific (APAC) cities have recorded positive annual price growth with Singapore ranked as the best-performing Asia-Pacific market with 13.7% year-on-year growth.

Recoding annual price growth of 7.1% in the second half of 2023, Bengaluru was ranked 8th on the Asia-Pacific Residential Review. Mumbai, India’s financial capital, ranked 9th, witnessing year-on-year growth of 7% while NCR was ranked 11th with a price growth of 6% during this period.

Mumbai, NCR, and Bengaluru constituted 60% of the total sales volume across Indian markets in 2023.

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